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Biodiesel tax credit retroactive

“Retroactive extension of the biodiesel tax credit through Dec. 31, 2011, represents a significant legislative achievement on a key ASA priority,” said Alan Kemper, American Soybean Association (ASA) P\president and soybean farmer from Lafayette, Ind. With the biodiesel tax credit defunct for 349 days along with the resulting loss of some 40,000 jobs, “soybean farmers greatly appreciate the work of Congress and the (Obama) administration to get this legislation passed before the end of the year.”

In a statement, the ASA claims the $1 per-gallon biodiesel tax incentive “is structured in a manner that makes biodiesel more competitive with petroleum diesel fuel in the market place. Absent the tax incentive, biodiesel is more expensive than conventional diesel fuel.”

2010 biodiesel production decreased over 35 percent from 2009 levels. Further “the biodiesel tax credit has a direct impact on jobs and is critical to supporting the biodiesel industry, a major market for U.S. soybean oil and a key factor in supporting domestic soybean prices” recently.

“It’s been a long process and ASA has worked tirelessly since the tax credit’s expiration to get it reinstated,” Kemper said. “ASA farmer-leaders have met with members of Congress on numerous occasions, supported by ASA members, the National Biodiesel Board, and supporters who have responded … by calling and emailing their representatives in an effort to get a retroactive extension of the biodiesel tax credit passed.”

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Mark Montgomery (not verified)

on Dec 21, 2010

The Republicans are truly the party of anti-intellectualism. A poll came out today that showed 52% of all Republicans believe in strict creationism, that mankind has only been here 10,000 years and that evolution is not valid. Add this to the hare-brained Republican mantra that global warming is not true and you have a scary number of ignorant people populating the Republican party. Sarah Palin is emblematic of the type of morons we are now seeing surface in the Republican party. It's a circular firing squad and the Republicans are all crack shots! Mark Montgomery NYC, NY boboberg@nyc.rr.com

Mark, You must be crazy. Look at the number of Republicans who read and follow the Ayn Rand Objectivism idea of pure Capitalism that takes all regulations off industry to make a perfect society. Most of them will probably be watching the movie Atlas Shrugged when it comes out in October. Isn’t that intellectual?